How do you find the answer for this question. Please elaborate.
What was real per capita GDP in 1933 measured in 2013 prices? Use the data in the table below and a price index of 100/1,400 to compute your answer
Year |
Nominal GDP |
Population |
Nominal per capita GDP |
1933 |
$ 57 billion |
126 million |
$ 452 |
2013 |
16,800 billion |
301 million |
54,194
|